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Theranos founder Elizabeth Holmes requests a new process

Theranos founder Elizabeth Holmes requests a new process

Elizabeth Holmes was in federal court just last week when a judge upheld her conviction and struck down the expected but lengthy appeal by her legal team.

Elizabeth Holmes — the founder of blood-testing startup Theranos and the poster child for misleading investors, the media, and innocent people seeking medical care through a web of deception — wants a turnaround. She is requesting a new trial, according to a document filed Tuesday in the Southern District Court of California.

The motion for a new trial, drafted by Holmes’ attorneys, hinges on “newly discovered evidence,” specifically: the alleged testimony deploring Adam Rosendorff.

Rosendorff was a laboratory director at Theranos and later testified as a key witness in the case against Holmes and her ex-boyfriend/partner in crime Ramesh “Sunny” Balwani. His original testimony lasted several days and emphasized the pressure Theranos employees were under to demonstrate that the flawed diagnostic technology worked, even when it didn’t.

“I felt it was a matter of my integrity as a doctor not to stay there and continue to support findings that I essentially did not believe in,” Rosendorff said on the witness stand in 2021, according to CNBC. “I realized that management wasn’t genuinely diverting resources to solve problems.”

Now, Holmes and her attorneys allege Rosendorff left a voicemail and then showed up at Holmes’ home on August 8 to tell him he “felt he had done something wrong, apparently in connection with Frau’s trial.” holmes The motion, which is said to paraphrase Rosendorff, says the former Theranos employee stated, “The government made things seem worse than they were.”

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In the document, Holmes’ legal team wrote: “Under any interpretation of his statements, the statements warrant a new trial under Rule 33. But at the very least, and to the extent that the court has doubts as to whether a new trial is required, the court should order a hearing of evidence and Ms Permit Holmes, Dr. subpoena Rosendorff to testify about his concerns.”

The new trial request comes eight months after Holmes was convicted on four counts of fraud and related charges, and just a few months after Balwani was found guilty of 12 counts of fraud. Originally, Holmes’ sentencing was scheduled for September 26, but was recently pushed back to October 17.

Before filing for a new trial, the Holmes legal team attempted to appeal the guilty verdicts in an expected procedural wide-ranging trial. However, a judge upheld the original conviction on September 1.

You can read the full document on how to request a new trial here:

Theranos founder Elizabeth Holmes requests a new process Read More »

In the new series Indefensible the tension is palpable

In the new series “Indefensible” the tension is palpable

A few days before the Indéfendable newspaper’s first broadcast, the actors are waiting for the public to discover this new series.

• Also read: Back to TV: 25 events not to be missed in autumn

• Also read: Unbearable: “This role is a gift” – Sébastien Delorme

• Also read: Sébastien Delorme’s career in five souvenir photos

“I’m pretty proud, this show is really good,” says actor Sébastien Delorme.

A series that tries to stick to the reality of the legal world.

“We can safely say that those who know the court and work there can say that it is,” said criminal defense attorney Richard Dubé.

The actors are fully invested in this new adventure.

“I always made sure I was put in the heart because I didn’t want to look like the guy going crazy (…) He had moments of trance, after certain scenes I had to go to my lodge to calm down a bit”, underlines the actor Hubert Proulx

Watch the TVA series Indéfendable premiere on Monday September 12th.

In the new series “Indefensible” the tension is palpable Read More »

Trumps Truth Social SPAC faces major shareholder vote.jpgw1440

Trump’s Truth Social SPAC faces major shareholder vote

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Former President Donald Trump’s website, Truth Social, is racing towards a financial cliff that could see its most important lifeline disappear.

A Trump-aligned investment firm, Digital World Acquisition Corp., asked shareholders this week to agree to a one-year extension of its merger with Trump’s company while it fends off multiple federal investigations.

But at a special meeting on Tuesday, the company’s chief Patrick Orlando abruptly pushed back the announcement of the vote until Thursday, saying he wanted to give shareholders more time to react. Portal first reported on Tuesday that the company did not have the votes.

If 65 percent of the company’s shareholders don’t agree to the extension through Thursday, the company could be forced into liquidation, a potentially devastating blow that would leave Truth Social with nothing.

The company can delay the merger by six months without shareholder approval, but its executives would have to invest millions to keep the company afloat. Some investment analysts doubt the extension would give the company enough time to address any outstanding concerns about the merger.

Digital World, a special purpose acquisition company or SPAC, attracted massive attention last year. But the state scrutiny, lackluster launch of Trump’s website, and other issues have dampened much of the market’s excitement.

Digital World’s share price fell more than 11 percent on Tuesday to close at $22.13 — almost 90 percent below its peak of $175 last October. If the company goes into liquidation, all shareholders — including those who bought in at very high prices — would get about $10 a share.

Truth Social faces financial peril as concerns mount over Trump’s future

In that case, Trump’s startup Trump Media & Technology Group, whose flagship product is Truth Social, will not be able to tap into an investment of around $1.3 billion that it has had since Digital World’s IPO last year set September.

The Trump start-up now lives on short-term loans in the tens of millions. The company is also facing a dispute with a conservative web hosting service over alleged unpaid bills.

The Securities and Exchange Commission and the Financial Industry Regulatory Authority are investigating Digital World, including over whether the company negotiated its deal with Trump before it went public, which could violate securities laws. A federal grand jury has also requested information from Trump’s company.

Without SEC approval, any deal will be halted indefinitely.

Digital World has long celebrated that many of its shareholders are small investors, known as retail investors, who bought the shares for financial or personal reasons and are not part of a larger investment.

But the potential vote failure highlights the risks of such funding, as ordinary shareholders may not follow financial announcements closely and may need to be persuaded to vote en masse.

The FBI attacker was a prolific contributor to Trump’s Truth Social website

“A lot of retail investors don’t pay much attention to that or don’t know what to do,” said Michael Ohlrogge, an associate law professor at New York University. “Or they might be like, ‘Hey, I’d rather have this merger sooner than later,’ not realizing that the only reason they’re asking for it is because there’s a good chance they won’t be able to complete the merger at all . ”

That investor apathy isn’t necessarily a death knell, Ohlrogge said, because the company can pay to extend the merger deadline and try again in six months. But it could also point to deeper questions about the company’s viability.

“The big question is: Why is it taking so long for them to close the deal?” he said. “It surprises me a little that they would have such a hard time” meeting the SEC’s requirements, he added, “unless they’re using one of these Trump-like legal strategies to come up with tooth and nail against any kind of… judicial authority to fight.”

Orlando has made efforts to make shareholders aware of the need for the company to vote. On his Truth Social account over the past week, he’s posted or reposted nearly 30 messages — or “truthfully” and “retruthfully” in site jargon — urging people to vote.

The company last week urged shareholders to open their email inboxes for voting details: “PLEASE DON’T FORGET TO CHECK YOUR SPAM FOLDER,” according to an announcement filed with the SEC. Orlando also recorded an interview posted on Rumble, a conservative video site supporting Truth Social, in which he detailed how investors should vote.

The call’s host, a Christian worship leader named Chad Nedohin, urged his fellow investors in the “DWAC family” to “catch up with those voices,” saying, “We consider ourselves the diamond hands of all diamond hands.” The video has been viewed around 500 times viewed.

Company executives own about 18 percent of the shares and will vote to approve it, they said in an SEC filing, but they will need many more votes to reach the 65 percent threshold. Orlando said on the rumble call that retail investor turnout in polls like this is closer to about 25 percent.

Trump’s newest business partner: A Chinese company with a history of SEC investigations

Truth Social is at the heart of Trump Media & Technology Group, the start-up Trump debuted after losing the White House, which he boasted could become one of the biggest players in media, with giants like Disney and Facebook could compete.

Trump has tried to portray everything as going according to plan. He posted to Truth Social on Saturday that despite the federal investigation, the site was “doing really well,” saying, “Anyway, I don’t need funding, ‘I’m really rich!’ Private company anyone???” (The actual size of Trump’s fortune is disputed; the self-proclaimed “king of debt” has been linked to six corporate bankruptcies.)

On Tuesday, before the special meeting, Trump posted that the site was “performing amazingly” and that it had become “the most engaged social media platform on the web”! However, in every measure of online engagement — web traffic, downloads, follower counts — the site remains a tiny fraction of mainstream sites, and has even dropped since its launch six months ago. In the same post, Trump encouraged businesses to buy ads on the site.

In a statement last week to pro-Trump blog Just the News, Trump’s start-up Truth Social said “on a strong financial footing” and that “any claim to the contrary is knowingly false cash talk.”

Trump’s Truth Social SPAC faces major shareholder vote Read More »

Ether Plans to Lose Proof of Work as Crypto Miners Lose Their

Ether Plans to Lose Proof-of-Work as Crypto Miners Lose Their Minds – Gizmodo

Vitalik Buterin is standing on stage in a gray t-shirt and red trousers with ETHDENVER 2022 written behind him.  A crowd watches as he speaks without much fanfare.

Vitalik Buterin, the co-founder of Ethereum, has promised “The Merge” for almost a decade. Even though it could happen soon, much of the ETH community is not happy about the idea of ​​a proof-of-stake system. Photo: Michael Ciaglo (Getty Images)

There is a diamond-shaped hole in the earth that unknowingly grows deep, and we all stare into its depths with thoughts torn by questions. “The Merge,” promising a shift from the legacy proof-of-work consensus model to proof-of-stake, is coming in a week, if promises from a notoriously poorly predictive group of crypto advocates are to be believed.

Late Monday, Ethereum blockchain co-founder Vitalik Buterin wrote on Twitter that those working on the platform anticipate that “The Merge” will finally happen sometime between September 13th and 15th. The blockchain performed the so-called “Bellatrix” hard fork, which essentially sets up the POS consensus layer to combine with the Ethereum mainnet.

The folks behind the Ethereum blockchain originally dated their merger as September 19, and despite years of delays and delays and delays, it seems like something of a firm target is in sight. Last month, the blockchain conducted final tests on its transition and gave the go-ahead for the merger.

Those championing the POS model, like Ethereum blockchain creator Buterin, have said it will result in a much less power-hungry chain. The Ethereum Foundation and other evangelists, like Ethereum-based scaling platform company Polygon, said they will reduce power consumption by over 99%.

Change is difficult, even under the best of circumstances, but with so much money flowing on Ethereum, well over $192 billion, you can bet there are plenty of crypto bros out there doing more than just that to clutch her pearls. Some crypto analysts anticipate that the price of Ether will rise just before the merger and fall quickly after the merger. Although there is less than a week to go, more than a quarter of all Ethereum nodes were not ready to accept the Bellatrix upgrade in the hours before it went live, corresponding Data from Ethernodes. The Ethereum Foundation has stated that the node operators that have not made the switch will not be able to send ether or operate on the post-merge network.

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And there are so many questions that are unlikely to be answered until the merge rolls out. Some companies have suggested that this could potentially lead to a very complicated tax situation depending on whether it results in a hard fork – AKA, a mitosis-like splitting of the chain resulting in two simultaneous networks.

But there are many ether operators who think that as long as they don’t have to deal with proof-of-stake, working on an offshoot network wouldn’t be such a bad thing. Those operating on this legacy network might face great difficulty mining crypto on the old, cumbersome version of the pre-fork blockchain. That’s not to say, however, that disgruntled users of old versions of Ethereum didn’t stick with older models. In fact, that is exactly what happened in 2016 with the so-called Ethereum Classic, when hackers disrupted the chain, prompting the founders to create what is now the main Ethereum network. There are many people who still support Classic and make it resemble the “true Ethereum”.

Crypto mining companies, which have long relied on proof-of-work, are already dismissive of the whole concept of fusion. And while there will likely be some smaller miners throwing in the towel, the most lucrative miners won’t turn their assets into plowshares simply because the second-largest blockchain network no longer supports their power-hungry operations.

The CEO of bitcoin miner White Rock told Cointelegraph in an interview that they expect miners to make a big push for other coins. Similarly, HIVE Blockchain, one of the larger mining companies in the industry, announced on Tuesday that it will be looking at other alternatives, which could be anything from Ethereum Classic or even Dogecoin. All of this will likely result in fewer returns overall and weaken Ether’s status, but it will certainly also reduce the overall environmental impact of moving to POS, especially over time. The reason blockchain networks like bitcoin are so exhausting to mine is because they are so bloated that it takes an enormous amount of computing power to add new data to the chain by solving increasingly complex mathematical equations (also known as the proof-of-work consensus mechanism).

Well-known China-based crypto miner Chandler Guo has suggested that they will make a POW Ethereum blockchain fork viable along with their own breed of POW-based token. Smaller crypto exchanges have signaled that they will continue to support crypto by working towards supporting the supposed ETHW or ETHPOW or whatever the heck any of those groups of ETH diehards plan to actually call it. Even Binance, the world’s largest exchange by trading volume, did not exclude Support for an old version of the POW system. The exchange also said that it would credit accounts with new ETH tokens in the event of a fork.

As much as these individual pieces of the larger conversation might not matter much, knowing how much a small group with a big mouth can woo people who want to make fortunes in digital currencies, there could be a whole lot of new (probably sicker) ones conceived ) ETH-based projects are getting rolling.

And as Ethereum Classic proponents wave their arms like a balloonist in front of a used car dealership and proclaim that Ethereum Classic will prosper post-merger, the increasingly fractured crypto community could become even further divided between legacy ETHeads and POW defenders.

Ether Plans to Lose Proof-of-Work as Crypto Miners Lose Their Minds – Gizmodo Read More »

Fake Hells Angels letter created by Canadas Queen

Fake Hells Angels letter created by Canada’s “Queen”

Canada’s ‘self-proclaimed queen’ could find herself in hot water after forging the Hells Angels logo and reproducing the alleged signature of the motorcycle club’s ‘national president’ in a fake letter.

• Also read: Three followers of conspiracy theorist Romana Didulo have been charged

• Also read: Confiscation of vehicles belonging to the “Queen” of Canada

“Given our national reach, I think we could offer you security,” we can read in this document published on Monday by Romana Didulo on the Telegram social network.

The fake Hells Angels letter published on Monday by Romana Didulo on the Telegram social network.

Romana Didulo / Telegram

The fake Hells Angels letter published on Monday by Romana Didulo on the Telegram social network.

The notorious conspirator who called for the killing of medical workers administering the COVID-19 vaccine released the fake letter to brag to her supporters that the bikers were trying to protect her.

Self-proclaimed

Romana Didulo / Telegram

Self-proclaimed “Queen” Romana Diludo poses in front of Canadian flags in this photo from 2021.

“I have the honor, madam, to be Her Majesty’s humble and obedient servant,” the Hells Angels organization wrote to the self-proclaimed “Queen” of Canada.

The signature… of a singer

The problem is that Romana Didulo made several mistakes when she invented this letter from scratch.

First, the document is signed by the “national president”. However, according to our information, no one holds this position within the motorcycle club.

The Journal also researched the handwritten signature found in the letter. Surprisingly, this is the signature of singer Bill Kaulitz from the band Tokio Hotel. It’s easy to find on his Wikipedia page.

On the right the false signature of the Hells Angels' alleged

Romana Didulo / Telegram / Wikip

On the right the false signature of the Hells Angels’ alleged “national president”. Left the same signature of singer Bill Kaulitz from the band Tokio Hotel. This can easily be found on Wikipedia.

The Wikipedia page of singer Bill Kaulitz from the band Tokio Hotel.  We find the singer's signature, which is also the same as in the letter prepared by Romana Diludo.

Screenshot / Wikipedia

The Wikipedia page of singer Bill Kaulitz from the band Tokio Hotel. We find the singer’s signature, which is also the same as in the letter prepared by Romana Diludo.

“We don’t have a report in there and it’s a bad idea,” a Hells Angels member, who chose not to give his name, told the Journal.

A “madman”

André Gélinas, retired detective sergeant of the Service de Police de la Ville de Montréal (SPVM), confirms that the conspirator’s gesture was simply “madness”.

“However, I would be very surprised if the Hells took offense at this. Romana Diludo is not another criminal group. I don’t think they will see her as a nut anymore. I couldn’t imagine that the hells would take revenge on her. What would you win?” explains Mr. Gélinas.

Romana Diludo poses with one of her supporters and in front of the RV she uses to travel across Canada.

Romana Didulo / Telegram

Romana Diludo poses with one of her supporters and in front of the RV she uses to travel across Canada.

He adds that the “Queen” could receive a formal notice since she has usurped the winged skull logo bearing the Hells Angels name.

Remember that in 2018 the biker club launched several lawsuits around the world. These should “strengthen the brand image of the organization”.

Our interview requests with Romana Didulo went unanswered on Tuesday.

  • With Maxime Deland, Agency QMI

Fake Hells Angels letter created by Canada’s “Queen” Read More »

Stocks Making the Biggest Moves After Hours Coupa Software GitLab

Stocks Making the Biggest Moves After Hours: Coupa Software, GitLab, and More

Workers assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio.

Ty Wright | Bloomberg | Getty Images

Check out the companies making headlines in extended trading.

Newell Brands — The parent company of brands including Yankee Candle and Rubbermaid saw its shares fall 3.8% hours after it revised its sales guidance for the third quarter, forecasting less than previously expected. The company’s CEO said Newell has seen “a significantly larger-than-expected drop in retailer orders and continued inflationary pressures on consumers.”

Gitlab – Shares of the software developer rose 0.04% even after the company reported a narrower-than-expected loss for its most recent quarter. Gitlab also issued better-than-expected guidance for third-quarter losses and earnings per share.

Coupa Software — Coupa shares rose 13% after beating earnings estimates for the most recent quarter, posting earnings of 20 cents a share compared to estimates of 9 cents a share, according to Refinitiv. Quarterly sales were also better than expected. The company’s full-year earnings and revenue outlook was strong.

Stocks Making the Biggest Moves After Hours: Coupa Software, GitLab, and More Read More »

1662503899 Can OPEC keep oil prices above 90

Can OPEC keep oil prices above $90

Brent crude held above $90 a barrel earlier in the week after OPEC+ announced a small, token production cut.

Can OPEC keep oil prices above 90

1662503896 904 Can OPEC keep oil prices above 90

chart of the week

The demise of gas paves the way for a revived coal sector

1662503897 72 Can OPEC keep oil prices above 90

– Coal prices across continents have risen to all-time highs this week, nearly three times higher than a year ago, as uncertainty over gas flows in Europe and stagnant LNG volumes favor ‘king coal’.

– Asia’s benchmark contract, ICE Newcastle futures, rose to $463.75 a tonne on Monday, while physical coal loaded on-site in Australia traded just $30/mt lower.

– Oddly, the coal price rally could point even further higher as weather events in La Nina could affect the supply side, particularly with rain-related weather disruptions in Australia.

– In Europe, the rebound in gas prices triggered by Gazprom’s disruption of Nord Stream-1 flows, with front-month spot prices around $75/mmBtu, pushed the API2 annual coal contract to $340/mt in 2023.

market mover

EQT Corp. (NYSE:EQT), The largest dedicated gas producer in the US is close to a deal with peer firm THQ Appalachia, a producer of about 760 mcf per day, for around $4 billion.

– US licensing company Sitio Royalty (NYSE:STR) said it would buy oil and gas rights firmly Bridgem minerals (NYSE:MNRL) for $4.8 billion in an all-stock deal expected to close by Q1 2023.

– Germany’s largest gas importer Uniper (ETR:UN01) signed a 16-year contract with an Australian LNG exporter Woodside (ASX:WDS) for the delivery of 1 billion cubic meters of liquefied natural gas, resulting in volumes traditionally going to Asia.

Tuesday, 06.09.2022

OPEC+ is rethinking its role in oil markets, and while its promise of a tiny cut is certainly not overly impressive, the geopolitical symbolism of its actions should never be underestimated. By signaling that the oil major is poised to make quick changes should geopolitical realities shift (ahem, Iran), the lower production target for October is also a reflection of the Middle East psyche – as oil started to feel fiscal Approaching breakeven levels from Saudi Arabia or Iraq, keeping crude oil prices within the $90-100 per barrel range will remain a top item on the OPEC+ agenda.

OPEC+ ends the era of production increases OPEC+ agreed to cut overall production by 100,000 barrels per day, reversing the oil major’s decision last month. This was the first month in more than two years that they trimmed production targets amid unprecedented price volatility.

Iran speaks again of “in danger”. The EU’s chief negotiator in the Iran nuclear talks, Josep Borrell, said the negotiations were in jeopardy as Washington and Tehran disagreed on several contentious issues, most notably guarantees that the US would not be able to unilaterally withdraw from the JCPOA again .

EU wants to cap Russian pipeline gas prices The European Commission is examining ways to limit the price of Russian pipeline gas, which is temporarily exported from Russia Gazprom (MCX:GAZP)although some countries remain wary of such measures, fearing a complete cessation of retaliation.

Britain’s new PM faces a $150 billion dilemma. Liz Truss, the UK’s new prime minister, is considering ways to freeze household gas and electricity bills at their current high of $2,281 and avoid another 80 per cent hike set to hit $150 billion this October dollars is to take place.

PEMEX’s methane leaks show no sign of abating. Just two months after Mexican scientists discovered huge methane leaks at PEMEX’s offshore fields in Mexico, a huge methane plume was seen at the Ku-Maloob-Zaap cluster throughout August, raising concerns about ailing infrastructure.

Conoco pioneers hydrogen gas production in the United States. US oil major ConocoPhillips (NYSE:COP) will develop a hydrogen gas facility to be managed jointly with Japan’s JERA, with the latter supplying natural gas for the facility (to be built on the Gulf Coast) and operating its CCS facility.

Heatwaves put pressure on electricity prices in California. Amid an ongoing heatwave, California electricity prices have surged to their highest levels since the state’s grid operator imposed rotating outages in August 2020, with SP-15 electricity prices trading above $500 per MWh.

Indonesia braces for widespread fuel protests Indonesian President Joko Widodo sought to ease budgetary pressures from bloated $44 billion in energy subsidies and hiked subsidized fuel prices by 30%, with analysts expecting widespread protests and disruption as a result.

Canadian refinery explosion jeopardizes conversion. A massive explosion at the defunct 140,000-bbl-per-day Come by Chance refinery in Newfoundland and Labrador, Canada, injured eight people while the refinery is being transformed into a biofuel maker focused on SAF and renewable diesel.

Shell and Exxon put Europe’s largest gas field up for sale. those of the United Kingdom Shell (LON:SHEL) and US Major ExxonMobil (NYSE:XOM) decided to sell their joint venture NAM in the Netherlands, which among other things operates the super-large gas field Groningen, which is scheduled to close (by government decree) in 2024.

Markets are delighted that Chile is rejecting the new constitutional law. Chile’s stock market and Chile-focused companies rose on Monday after the country’s citizens rejected President Gabriel Boric’s proposed new constitution, easing fears that Chile’s left-wing turn could jeopardize metals companies’ interests.

US to announce blending mandates in November. With the refining industry lacking a long-term vision for biofuel blending, despite constant delays, the Biden administration will announce a three-year biofuel blending target for 2023-2025 this November.

Iron ore hits bottom and gradually bounces back. As benchmark Chinese iron ore prices fell to a contract low of 92 per tonne in Dalian, iron ore futures have recovered to 100/mt this week despite ongoing COVID restrictions in China with 33 cities in some form of lockdown.

By Tom Kool for Oilprice.com

Other top reads from Oilprice.com:

Can OPEC keep oil prices above $90 Read More »

Info Nature Mauricie is threatened with closure

Info-Nature Mauricie is threatened with closure

Non-profit organization (NPO) Info-nature Mauricie has just lost its only contract: the one with Mauricie National Park, which is also the organization that founded it.

Behind this situation is a change in mentality at Parks Canada.

For 40 years, Info-nature Mauricie has been responsible for managing Domaine Wabenaki Andrew. He also has contracts for campfirewood and ice for campsites in La Mauricie National Park. But this year, Parks Canada decided to bid. A tender that is impossible for the non-profit organization to fulfil.

“We realize that we weren’t accounted for everything we brought. It’s a pity, because the mission of our NPO is closely linked to the Park,” explains Info-nature General Director Lyne Gélinas sadly.

In addition to losing its only mandate, the organization must tell its 15 employees that they will lose their jobs significantly next April.

On the part of Parks Canada, the order comes from the Canadian government. Policies will be implemented to allow different organizations to have equal opportunities to do business with Parks Canada. They said they gave the NPO a chance to demonstrate their experience and expertise over the past 40 years.

It was not profitable for the organization, which has existed for 40 years, to apply. Info-nature’s mission and values ​​contradicted this tender. Concern is growing among customers and members: “Will the prices go up? who will own How will it work? Will they respect nature? asks a customer who keeps coming back summer after summer.

The contract was awarded to the concessionaire responsible for the rental of canoe and kayak boards in La Mauricie National Park.

Info-Nature Mauricie is threatened with closure Read More »